ANALYSIS
NQ100 Finds Support from PPIApr 14
1912 level will be the key in Gold prices
US Federal Reserve Chair Powell stated that they can hike rates if high inflation continues, putting pressure on gold. However, Russian invasion of Ukraine continues, contributing to the rise of the precious metal. As long as it stays above 1912, bullish moves will continue and target 1950 level. Afterwards, 1962 and 1974, which was tested on February 24, will be our next targets. On the other side of the coin, 1900 support is still a very significant support line.
